All traditional currencies (Example USD, EUR, GBP, CNY, JPY and any other traditional currency) you send to Bnk To The Future are converted upon deposit into United States Dollars (USD) and held in a range of stablecoins that we call crypto USD (USD*).
These stablecoins are primarily held in TUSD (TrueUSD) and USDT (Tether), with some held in other stablecoins which may include but will not be limited to DAI, PAX, USDC, GUSD, BUSD amongst others. Therefore, your USD* balance on BF* is backed by a mix of US Dollar fiat funds, stablecoins backed by USD and some decentralised stablecoins. Hence any transaction on the BF Platform will occur in USD* unless you are investing, for example, in a Primary Offering through one of our Third Party Escrow Providers or you are paying in Credit or Debit Cards for an investment.
We have introduced USD* to make it easier for many of our investors to deposit and withdraw the type of USD/stablecoin they feel most comfortable with and is most convenient for them.